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Remodeled Multifamily Property Near Downtown

3 SW Hideaway Place Stuart, FL 34994

Claim this Listing
For Sale
$1,400,000

Multifamily property with eight apartments near downtown Stuart, Florida.

Type:Commercial/Industrial
Property size:
6,264 SF
Lot size:
1.00 Acre
Price / SF:
$223/SF
Added:
Jun 29, 2021
Days on Market:
1841
Last Refresh:
Apr 5 at 8:30 pm

Property Features for 3 SW Hideaway Place

General Information

Standard status
Active
Size
6,264 SF
Lot size
1.00 Acre
Property subtype
Commercial/Industrial

Building Details

Year Built
1971

Listing office Florida Capital Realty

Listing date Jun 29, 2021

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Florida Capital Realty


Investment Insights

Based on property information with market context.

This multifamily property features eight apartments, each with two bedrooms and one bathroom. The property has been remodeled and well maintained. Its location offers proximity to downtown Stuart, shopping areas, beaches, and golf courses. The property may be suitable for short-term rentals.

Key Highlights

  • Multifamily property featuring 8 apartments, each with 2 bedrooms and 1 bath
  • Remodeled and well‑maintained
  • Ideal location for short‑term rentals near downtown Stuart

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $148.8k $23.76
− Vacancy −$9.8k −$1.57
EGI $139.0k $22.19
− OpEx −$62.6k −$9.99
NOI $76.5k $12.21
6,264 SF · lease $23.76/SF/yr · vacancy 6.60% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.09M
$955.7K – $1.27M (±1% cap)
NOI $76,455 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.65M
$1.44M – $1.92M (±1% cap)
NOI $115,193 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Short term rental ...

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Restaurant Bakery Grocery & Convenience Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair Pet Grooming Service Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Multifamily property with eight apartments near downtown Stuart, Florida.
Where is this apartment building located?
The property is located at 3 SW Hideaway Place Stuart, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Multifamily property featuring 8 apartments, each with 2 bedrooms and 1 bath; Remodeled and well‑maintained; Ideal location for short‑term rentals near downtown Stuart
Contact an agent
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